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Corporate Watch: News Digest

Jan. 4, 2015 7:06 p.m. ET

Bonomi Puts An End to Bidding war With Fosun

Italian businessman Andrea Bonomi Friday gave up on his attempt to buy up Club Méditerranée, lifting the main hurdle for a takeover of the French resort operator by Chinese conglomerate Fosun International.

Global Resorts, an investment holding company controlled by Mr. Bonomi, said it backed down...